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Golden Rim Resources Ltd.
Summary
| Project: | Kouri | |
|---|---|---|
| Deposit: | Kouri | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 5/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-5-2018: Golden Rim Resources Ltd. announces an Exploration/Drilling Update report for its Kouri deposit at the Kouri project. Drilling results incl. 6m @ 25.2g/t Au from 8m. Golden Rim Resources Ltd (ASX: GMR) (Golden Rim or Company) is pleased to prov | |
| Resources: | (Resource, I+I): 20.8Mt @ 1.5g/t Au for 1.001Moz Au | |
| CP/QP: | [Overall Report]: Craig Mackay (Internal) | |
| ABSTRACT: | Golden Rim Resources Ltd (ASX: GMR) (Golden Rim or Company) is pleased to provide an update on its exploration activities on its 100% owned Kouri Gold Project (Kouri) in Burkina Faso. Exploration Upside in Immediate Mineral Resource Area Golden Rim’s maiden Indicated and Inferred Mineral Resource estimate of 20.8 million tonnes at 1.5 g/t gold for 1 million ounces of contained gold (0.5 g/t gold lower cut-off grade) extends to approximately 90m below surface with most of the gold lodes open at depth (below the ~130m depth extent of the current drilling) and along strike (Figure 1). In addition, there is evidence supporting the potential to discover new gold lodes in parallel structures and along strike which Golden Rim are actively pursuing. Initially, Golden Rim’s exploration is focused on locating additional shallow, open pittable, high grade gold mineralisation with reverse circulation (RC) drilling to build the Mineral Resource at Kouri. Planning for a diamond drilling program to potentially extend the Mineral Resource at depth is underway. This drilling will initially focus on testing potential high grade shoot areas. A further 40 RC holes (5,115m; holes BARC272 – BARC311) have been completed since March 2018 and none of the results from these holes have been included in the Mineral Resource. The RC drilling is being conducted by Ausdrill Limited (Ausdrill) under the existing drilling for equity agreement. Assay results for 8 of these RC holes (BARC272 – BARC279) have been received and with several of these holes outlining a new high grade gold lode (6m at 25.2 g/t gold from 8m including 1m at 114 g/t gold in BARC279 and 3m at 9.3 g/t gold from 53m in BARC278) associated with a 1.2km long Induced Polarisation (IP) geophysical anomaly that lies 100m southeast of the Mineral Resource (Figure 2) (as announced on 30th April 2018). | |
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